Key Developments: Cardtronics Inc (CATM.O)

CATM.O on Nasdaq

34.60USD
19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Cardtronics Inc enters long-term ATM operating agreement with Co-op Food stores in U.K. and acquires ownership of co-op group subsidiary, Sunwin Services Group
Tuesday, 2 Sep 2014 07:08am EDT 

Cardtronics Inc:Says its U.K.-based business is entering into a seven-year, exclusive agreement to operate about 1,800 ATMs located in Co-operative Food stores across the U.K.Cardtronics will take on the operation of the ATMs no later than January 2016, upon expiration of the existing ATM contract.Says in addition, beginning immediately, Cardtronics will have the right to install and operate ATMs in hundreds of Co-op Food locations that do not currently have an ATM, as well as in any new Co-op Food Store.Says also acquire ownership of Sunwin Services Group (SSG), a subsidiary of the Co-operative Group.  Full Article

Cardtronics Inc raises FY 2014 outlook
Wednesday, 30 Jul 2014 04:01pm EDT 

Cardtronics Inc:Expects FY 2014 revenues of $1.005 -$1.020 bln.Expects FY 2014 adjusted EBITDA of $245.0 - $248.0 mln.Expects FY 2014 adjusted net income of $2.28 to $2.32 per diluted share.FY 2014 revenue of $1.003 bln, EBITDA of $242.9 mln, EPS of $2.27 - Thomson Reuters I/B/E/S.  Full Article

Cardtronics Inc announces results of the tender offer for 8.250 pct senior subordinated notes due 2018
Monday, 28 Jul 2014 09:55am EDT 

Cardtronics Inc:Receives, tenders and consents from holders of about $64 mln in principal amount of 8.250 pct senior subordinated notes due 2018.Pursuant to previously announced cash tender offer for any and all of the outstanding $179,442,000 principal amount of Notes.In connection with Offer, Cardtronics also solicited consents to certain proposed amendments to the indenture governing the Notes, but insufficient consents were received to effect the amendments, and Cardtronics has waived this condition to Offer.Total Consideration for each $1,000 principal amount of Notes tendered and not withdrawn prior to the Consent Expiration is $1,046.25.  Full Article

Cardtronics Inc to acquire Welch ATM
Monday, 21 Jul 2014 04:54pm EDT 

Cardtronics Inc:Says definitive agreement under which it will acquire Welch ATM for $160 mln.Upon completion of transaction, combined company will support global portfolio of 109,600 ATMs, including 92,500 conveniently located retail ATMs in the United States.  Full Article

Cardtronics Inc announces pricing of $250 million private offering of senior notes
Monday, 14 Jul 2014 05:06pm EDT 

Cardtronics Inc:Prices $250 mln in aggregate principal amount of 5.125 pct senior notes due 2022 at par for sale to eligible purchasers in private offering.Notes Offering is expected to close on July 28, 2014, subject to customary closing conditions.Cardtronics intends to use the net proceeds from Notes Offering to purchase all of its outstanding $179,442,000 aggregate principal amount of 8.250 pct senior subordinated notes due 2018.Pursuant to its previously announced tender offer, to redeem any such notes not acquired in the tender offer and for general corporate purposes.  Full Article

Cardtronics Inc announces $250 mln private offering of senior notes
Monday, 14 Jul 2014 08:43am EDT 

Cardtronics Inc:Intends to offer $250 mln in aggregate principal amount of senior notes due 2022 for sale to eligible purchasers in a private offering.Intends to use net proceeds to purchase all of its outstanding $179,442,000 aggregate principal amount of 8.250 pct senior subordinated notes due 2018 pursuant to a tender offer, to redeem any such notes not acquired in tender offer and for general corporate purposes.  Full Article

Cardtronics Inc raises FY 2014 guidance
Monday, 5 May 2014 04:01pm EDT 

Cardtronics Inc:Updates FY 2014 revenues of $990.0 million to $1.01 billion.Updates FY 2014 adjusted EBITDA of $239.0 million to $244.0 million.Updates FY 2014 adjusted Net Income of $2.24 to $2.29 per diluted share.FY 2014 revenue of $993 million, EBITDA of $244 million and EPS of $2.25 - Thomson Reuters I/B/E/S.  Full Article

Cardtronics Inc acquires assets of Automated Financial
Thursday, 6 Feb 2014 04:16pm EST 

Cardtronics Inc:Acquires the ATM business assets of Chandler, Ariz.-based Automated Financial, LLC.Says transaction was signed and closed on Feb. 6.Says terms of the deal were not disclosed.  Full Article

Cardtronics Inc gives FY 2014 guidance; EBITDA guidance below analysts' estimates
Thursday, 6 Feb 2014 04:05pm EST 

Cardtronics Inc:Sees FY 2014 revenues of $0.980 billion to $1 billion.Sees FY 2014 adjusted EBITDA of $236.0 million to $243.0 million.Sees FY 2014 adjusted net income of $2.20 to $2.27 per diluted share (EPS).FY 2014 revenue of $0.991 million - Thomson Reuters I/B/E/S.FY 2014 EBITDA of $246.7 million - Thomson Reuters I/B/E/S.FY 2014 EPS of $2.26 - Thomson Reuters I/B/E/S.  Full Article

Cardtronics Inc Prices Private Offering of $250 Million of Convertible Senior Notes Due 2020
Wednesday, 20 Nov 2013 07:01am EST 

Cardtronics Inc announced the pricing of $250 million aggregate principal amount of convertible senior notes due 2020. The Convertible Notes were offered in a private offering to qualified institutional buyers. The Convertible Notes will pay interest semiannually at an annual rate of 1.00% and will be convertible into cash, shares of the Company's common stock or a combination thereof. The Company expects to close the offering on or about November 25, 2013, subject to the satisfaction of various customary closing conditions. The Company estimates that it will receive net proceeds from the offering of approximately $244.1 million (or approximately $280.9 million if the initial purchasers exercise their option to purchase additional notes in full). The Company intends to use: approximately $27.9 million of the net proceeds of the offering to fund the cost of entering into the convertible note hedge transactions (after such cost is partially offset by the proceeds that it receives from entering into the warrant transactions); approximately $156.5 million of the net proceeds of the offering to repay borrowings under the Company's revolving credit facility; approximately $28.0 million of the net proceeds of the offering to repurchase shares of the Company's common stock concurrently with the offering; and the remainder of the net proceeds of the offering for general corporate purposes, which may include capital expenditures and working capital.  Full Article

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